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Tuesday, 21 February 17
INDIA'S JANUARY COAL IMPORTS DECLINE 21.7 PERCENT YEAR -ON-YEAR TO 14.31 MT - PTI
Coal excavatorCoal imports declined by 21.7 per cent to 14.31 million tonnes in January as the power utilities did not lift much fuel due to abundant stock available with them, PTI reported.

According to PTI, all type of coal imports in January 2017 stood estimated at 14.31 million tonnes compared to 18.28 MT in January 2016, mjunction services, an online procurement and sales platform floated jointly by SAIL and Tata Steel told PTI.

“In power sector, the state utilities are replete with stock and are aiming to curb imports altogether (except for coast-based plants) by March 2017. This explains the substantial drop….in steam coal imports in January 2017 vis-a-vis the same month last year,” mjunction CEO Vinaya Varma said.

PTI further noted that, there was a marginal drop in non-coking coal imports in January 2017 compared with December 2016 as non-power sector consumers stopped restocking the material after steam coal prices reversed its declining trend midway through January, Varma said.

“In fact, spot steam coal prices firmed up by around eight-nine per cent in South Africa, and also rose marginally in Indonesia during the month,” Varma added.

The government had said, in September, 2016, that it was working on a plan to end dependency on coal imports in next 3-4 months in order to facilitate consumption of the surplus fossil fuel produced by Coal India.

“To tackle this problem of surplus, my ministry has drawn up an entire programme to see how we can completely eliminate import of coal by any state government or state discom in the next 3-4 months,” Coal Minister Piyush Goyal had earlier said.

Coal India accounts for over 80 per cent of domestic coal production.


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Friday, 03 March 17
U.S. WEEKLY COAL PRODUCTION ESTIMATED AT 15.7 MMST; DECLINE 6.7% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short ton ...


Thursday, 02 March 17
ULTRAMAX: INDONESIA TO INDIA COAL ROUNDS IS BEING FIXED AT AROUND MID 11K BSS SINGAPORE DELIVERY - FEARNLEYS
Supramax Holiday mode within Atlantic i.e. very few movements but rates remained still positive, mostly in the USG region where tight tonnage sup ...


Wednesday, 01 March 17
2017 IS LOOKING LIKE IT WILL BE A GOOD YEAR FOR A NUMBER OF COMMODITIES - LINOS KOGEVINAS
2017 is looking like it will be a good year for a number of commodities. Following the price recovery witnessed in 2016 across a number of commodit ...


Tuesday, 28 February 17
PORT OF NEWCASTLE SHIPPED 17.39% LESS COAL IN JANUARY; TRADE VALUE UP 11.87% M/M
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU 1,625.6 M ...


Monday, 27 February 17
THE FREIGHT MARKET WAS FIRMED UP THIS PAST WEEK; BCI ROSE 57.64% W/W
COALspot.com: The Freight market was firmed up this past week. The Baltic Exchange, tracking rates for ships carrying dry bulk commod ...


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